Procurement software UK-based companies can truly rely on

Precoro helps businesses ensure that every request is approved by authorized personnel. While each team and project may have unique rules for the approval workflow, our system can accommodate them all with the workflow builder and unlimited custom approval criteria.

• Create approval workflows based on criteria like cost centers, entities, departments, and budget limits.
• Set up sequential or parallel approval workflows with as many steps as your company requires.
• Get notified via email or Slack when a new document awaits approval.
• Approve documents on the go in Precoro’s mobile app.

Budget control is the cornerstone of transparent procurement and spend management processes. With Precoro, UK-based companies can stay on top of budget overruns, monitor budget consumption, and ensure their financial forecasting is based on real data.

• Establish budgets for various departments, locations, and projects, and monitor them in real time with progress bars and pie charts.
• View the available budgets while creating and approving purchase orders or expense reimbursements.
• Get instant notifications when a request exceeds the budget limit or even set up automatic rejections for such cases.
• Eliminate maverick spending thanks to 360-degree visibility into procurement operations.

UK companies use Precoro to manage not only their purchases but also employee reimbursements. Thus, departments can securely store all the expenses in one system. It takes just a few clicks to request, review, and approve reimbursements.

• Eliminate bottlenecks in the reimbursement process.
• Pay for multiple expenses at the same time.
• Gain confidence in the end-of-month reports with a comprehensive system for organizing and managing employee expenses.

Precoro also helps with accounts payable automation: UK teams can easily ensure that only approved invoices that comply with all regulations are processed for payment. Find the related POs and receipts, capture early payment discounts, and monitor invoice payment status — all within one tool.

• Create invoices, receive them directly in the system, or upload them, and our OCR technology will do the rest.
• Instantly spot duplicated or fake invoices with built-in 2- or 3-way matching.
• Sync invoices in Precoro with your accounts payable automation software in the UK.

Don’t look for separate supplier management software for UK-based companies. Precoro is there to help you monitor the performance of existing vendors and efficiently find the new ones. Choose reliable suppliers with the best offers via Precoro’s request-for-proposal process and offer your vendors to use our Supplier Portal for even smoother communication.

• Invite new suppliers through customizable registration forms and keep all vendor information organized within the system.
• Create or upload supplier catalogs featuring pre-approved products and services to streamline the ordering process for requesters.
• Store contracts in Precoro and set up reminders for expiration dates to ensure timely negotiations for new agreements.
• Track vendor performance and gain insights into order volume and spending per supplier to negotiate better pricing.

Simplify collaboration between requesters, approvers, procurement team members, and warehouse staff regarding inventory updates or replenishment needs. Reconcile inventory data with purchase orders or invoices to eliminate redundant purchases and prevent stock shortages.

• Monitor stock levels with real-time balance information.
• Create warehouse requests and transfer items between different storage locations.
• Generate POs from warehouse requests.
• Set up low-stock alert notifications to prevent supply shortages.

Our custom report builder allows you to easily organize and analyze data on any purchasing or spend management activity. This level of visibility turns the wish for data-based decisions and precise forecasts into a reality.

• Easily access historical data about your POs, invoices, receipts, expenses, payments, supplier agreements, and more.
• Generate preset reports or create custom ones using 150+ data points.
• View detailed charts online or download standard XLSX reports.
• Schedule automatic report generation and delivery straight to Google Sheets or Power BI at your preferred intervals.